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QUITO, Ecuador -- U.S.-based Atlantic Richfield Co. denied that it's considering suspending a $350 million oil project in Ecuador and pulling out of the country after indigenous groups held six of its employees captive in July.

"We're optimistic that the government will work with us in providing security measures to our employees," said Arco spokesman Albert Greenstein. "We've already seen some real signs from the government in the last few days and we're confident that we'll work it out."